The global quantum computing market size is expected to reach USD 8,487.60 Million in 2032 and register a steady revenue CAGR of 30.2% during the forecast period, according to latest analysis by Emergen Research. Rise in number of strategic partnerships and collaborations to carry out advancements in quantum computing technology is a major factor driving market revenue growth. For instance, Mitsui, a company committed to digital transformation and Quantinuum, one of the top quantum computing businesses in the world with hardware and software integration, have joined forces to create quantum computing use cases that will eventually significantly impact business transformation and innovation. Mitsui and Quantinuum will hasten their joint efforts and creation of fresh business ideas.
Global quantum computing research report offers a panoramic view of quantum computing Market regulatory framework, and macro- and micro-economic factors that influence the growth of the industry. The report strives to offer authentic information about the quantum computing market size, share, product portfolio, revenue estimations, and growth rate. The report has been formulated through extensive primary and secondary research along with verified and reliable data obtained from industry experts and professionals.
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Covid 19 impact analysis:
The report offers an in-depth analysis of the leading geographical segments of the market. It exclusively offers details about the regulatory framework and development policies that have been implemented in the market over recent years. Furthermore, experts highlight a wide array of the conspicuous aspects of the global quantum computing market, including import & export dynamics, production and consumption rates, sales network & distribution channels, manufacturing processes, cost structures, and consumer bases in the key market regions. The study lays stress on other significant factors like the forecast market size, share, and future growth rate. Additionally, the report undertakes the SWOT Analysis and Porter’s Five Forces Analysis to assess the market standing of the leading companies in this business sector.The latest research report is touted as the first document covering the current market situation that is substantially affected by the COVID-19 outbreak. The pandemic has brought about enormous changes in the global economic landscape, which, in turn, has disrupted the quantum computing industry’s functioning.
Major companies profiled in the market report include
IBM, D-Wave Quantum Inc., Microsoft, Amazon, Inc., Rigetti & Co., LLC., Google, Intel Corporation, Toshiba, Honeywell International Inc., and QC Ware.
Research objectives:
The report gives a comprehensive analysis of the quantum computing market at the global and regional level, and the forecast has been presented in terms of value and price for the period of 8 years from 2020-2027. The report covers an extensive study of the market drivers and restraints on the global scale and provides an impact analysis of those market drivers and restraints on the demand and supply ratio for the quantum computing market throughout the forecast period. The Quantum Computing market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Quantum Computing industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Quantum Computing industry.
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For the purpose of this report, Emergen Research has segmented the global quantum computing market based on offering, deployment, application, technology, end-use, and region:
· Offering Outlook (Revenue, USD Million; 2019–2032)
o Systems
o Services
1. Quantum Computing as a Service (QCaaS)
2. Consulting Services
· Deployment Outlook (Revenue, USD Million; 2019–2032)
o On-Premises
o Cloud-Based
· Application Outlook (Revenue, USD Million; 2019–2032)
o Optimization
o Machine Learning (ML)
o Simulation
o Others
· Technology Outlook (Revenue, USD Million; 2019–2032)
o Superconducting Qubits
o Trapped Ions
o Quantum Annealing
o Others
· End-Use Outlook (Revenue, USD Million; 2019–2032)
o Space & Defense
o Banking & Finance
o Healthcare & Pharmaceuticals
o Energy & Power
o Chemicals
o Transportation & Logistics
o Government
o Academia
Regional Outlook:
· North America (U.S., Canada)
· Europe (U.K., Italy, Germany, France, Rest of EU)
· Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Global Quantum Computing Market Report:
· Analysis and estimation of the Quantum Computing market size and share for the projected period of 2020-2027
· Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
· Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Quantum Computing market
· Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
· Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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